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Gov. Jerry Brown Urges CalPERS To Quickly Address Rising Pension Costs

He urged California’s largest public pension fund to act quickly to address rising costs saying failure to do so would widen the fund’s liabilities by billions of dollars.

02/05/2014

State Capitol

Legislation Would Protect Calif. Transit Money

Gov. Jerry Brown and Democrats in the state Assembly have drafted legislation they hope will help California keep about $1.6 billion in federal transportation money after the state scaled back some public employee pension benefits.

09/04/2013

Twin Rivers meeting

Twin Rivers Pension Perk Has Parents, Teachers Outraged

A rare pension perk for top administrators is costing a local school district tens of thousands of dollars—something parents and teachers were outraged over.

08/20/2013

Elk Grove Pension

Pension-Share Increase Could Stymie City Plans Across State

Elk Grove will be forking out an additional $1.5 million dollars a year to cover increasing public pension costs.

05/29/2013

Chief Rick Braziel

Retiring Police Chief Set To Receive Pension Nearly Equal To Current Salary

Sacramento’s top cop is calling it quits, but the checks will sure keep coming. At 53-years-old, Chief Rick Braziel will pocket a pension of about $200,000 dollars a year for life.

11/15/2012

(credit: Max Whittaker/Getty Images)

CalPERS Told To Cut Profit Returns By Half-Percent

The chief actuary of California’s main pension fund is urging it to lower its assumed rate of return on investments. That likely would force the state and 3,000 local agencies to increase their annual contributions.

03/08/2012

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Study Finds $135.7B In Local Pension Liabilities

A Stanford University think tank says two dozen local governments in California face a combined $135.7 billion in unfunded pension liabilities.

02/21/2012

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On The Money: $100,000 Pension Club Update

A three-month investigation by CBS 13 reveals the list of retired government workers collecting six-figure pensions has grown by more than 3,000 names in the past year.

11/01/2011

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Study: Hybrid Pension Plans Would Save Billions

A new study by a pension-reform group suggests California state and local governments could save billions of dollars a year by moving to a hybrid retirement plan similar to one used by the federal government.

08/12/2011

California Governor Jerry Brown looks on before delivering the State of the State address at the California State Capitol on January 31, 2011 in Sacramento, California.  (Photo by Justin Sullivan/Getty Images)

Brown Releases Plan For Calif. Pension Changes

Gov. Jerry Brown is proposing changes to California’s public pension system, just days after budget talks broke down in part amid disagreements over pension reforms.

03/31/2011